China Resources Enterprise

CHINA Resources Enterprise

PUBLISHED : Sunday, 25 May, 1997, 12:00am
UPDATED : Sunday, 25 May, 1997, 12:00am

CHINA Resources Enterprise is a mainland-backed conglomerate whose activities include property development, sale of building materials and beer manufacturing.

This time last year ING Barings put a buy on the stock, saying the company's robust earnings growth was set to continue.

This proved excellent advice as the fervour for red chips saw the shares rocket to record levels.

A year ago China Resources shares traded at $5.30. Now they are at $25.35, having outperformed the Hang Seng Index by 265.4 per cent.